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Subsidy Report: NNPC denies receiving N844.9 bn from CBN

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The NNPC has picked holes in the House of Representatives Committee probe report on petroleum subsidy regime and denied it was paid N844.9 billion by the CBN to recover its subsidy claims.
Dr. Levi Ajuonuma, NNPC’s Group General Manager (Public Affairs) said this in a statement yesterday in Abuja.
The News Agency of Nigeria (NAN) reports that the report, which was submitted to the House on Wednesday, had indicted the NNPC, PPPRA and some oil marketers of financial impropriety.
The report accused the NNPC of being paid N844.9 billion by the CBN for subsidy claims, in addition to the direct deductions the NNPC made from crude sales, among others.
Ajuonuma, however, denied that the corporation made withdrawals from two different sources simultaneously to recover its subsidy claims.
“Such a claim is totally unfounded and absurd. We challenge both the CBN and Ad Hoc Committee to provide evidence that such payments as alleged were made to NNPC.
“They must show authorisation for the payments as well as breakdown of the amount, purpose for the payments, beneficiary accounts in which such payments were made and the utilisation of such payments”, he said. (NAN)

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